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Report Date : |
21.01.2014 |
IDENTIFICATION DETAILS
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Name : |
ETS BABA AHMED ISSA |
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Registered Office : |
Rue Pain Dore, |
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Country : |
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Date of Incorporation : |
13.02.2006 |
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Com. Reg. No.: |
SH-452 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Subject operate
general trade, transport , transit , import, export, distribution and representation
of all products and equipment, and retail of food products |
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No. of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Niger |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NIGER - ECONOMIC OVERVIEW
Niger is a landlocked, Sub-Saharan nation, whose economy
centers on subsistence crops, livestock, and some of the world's largest
uranium deposits. Agriculture contributes about 40% of GDP and provides
livelihood for about 90% of the population. Niger also has sizable reserves of
oil, and oil production, refining, and exports are expected to grow
significantly between 2011 and 2016. Drought, desertification, and strong
population growth have undercut the economy. Niger shares a common currency,
the CFA franc, and a common central bank, the Central Bank of West African
States (BCEAO), with seven other members of the West African Monetary Union. In
December 2000, Niger qualified for enhanced debt relief under the International
Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded
an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF).
Debt relief provided under the enhanced HIPC initiative significantly reduced
Niger's annual debt service obligations, freeing funds for expenditures on
basic health care, primary education, HIV/AIDS prevention, rural
infrastructure, and other programs geared at poverty reduction. In December
2005, Niger received 100% multilateral debt relief from the IMF, which
translated into the forgiveness of approximately US$86 million in debts to the
IMF, excluding the remaining assistance under HIPC. The economy was hurt when
the international community cut off non-humanitarian aid in response to
TANDJA's moves to extend his term as president. Nearly half of the government's
budget is derived from foreign donor resources. Future growth may be sustained
by exploitation of oil, gold, coal, and other mineral resources. The
government, however, has made efforts to secure a new three-year extended credit
facility with the IMF following the one that completed in 2011. Oil revenue to
the government has fallen well short of its budgeted level. Strikes risk
undermining political stability. Food security remains a problem in Niger and
is exacerbated by refugees from Mali
|
Source
: CIA |
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Registered Name: |
ETS BABA AHMED ISSA |
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Requested Name: |
ETS BABA AHMED ISSA |
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Other Names: |
None |
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Physical Address: |
Rue Pain Dore, Niamey |
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Postal Address: |
BP 10323 |
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|
Niamey, |
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Country: |
Niger |
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Phone: |
227-20734787/739570 |
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Cell: |
227-90902517 |
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Fax: |
227-20734787/734787 |
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Email: |
contact@etsbabaniger.com |
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Website: |
www.etsbaba-niger.com |
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Legal Form: |
Sole Proprietorship |
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Date Incorporated: |
13-Feb-2006 |
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Reg. Number: |
SH-452 |
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Nominal Capital |
CFA. 1,000,000 |
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Subscribed Capital |
CFA. 1,000,000 |
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Subscribed Capital is Subscribed in the following form: |
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Position |
Shares |
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Mr. Baba Ahmed Issa |
MD/CEO |
100% |
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None |
Parent company. |
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None |
Subsidiary company. |
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None |
Affiliated company. |
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None |
Shareholder of subject firm. |
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BP 344 Maradi,Niger Agence D’Agadez, Niger Agence De Zinder, Niger |
Branches of the firm |
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Registered to operate general trade, transport , transit , import, export, distribution and representation of all products and equipments, and retail of food products such as rice , vegetable oil , sugar, milk, pasta etc.and also real estate development , servicing , subdivision of property, including the sale of all building materials and creation, acquisition, operation and leasing management of all trade and commercial and industrial establishments |
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Imports: |
Asia |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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Main Customers: |
Local agencies, stores, public, firms and organizations |
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Employees: |
40 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Niger |
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Location: |
Owned premises, 5,000 square feet, |
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Auditors: |
Information not available. |
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Insurance Brokers: |
Information not available. |
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Currency Reported: |
West African Franc (CFA.) |
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Approx. Ex. Rate: |
1 US Dollar = 482.89 West African Franc |
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Fiscal Year End: |
December 31, 2013 |
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Inflation: |
According to information given by independent sources, the inflation at December 31st, 2013 was of 13%. |
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Financial Information not Submitted |
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Profit and Loss (expressed in CFA.) |
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2013 |
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Sales |
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725,000,000 |
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Bank Name: |
Banque Atlantique Niger |
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Branch: |
Niger |
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Comments: |
None |
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Experiences: |
Good |
None
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This information
was obtained from outside sources other than the subject company itself and
confirmed the above subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.63 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.